Michael Kors Announces Launch of Its Digital Flagship on Alibaba’s Tmall Luxury Pavilion. Michael Kors, the world-renowned, award-winning designer of luxury accessories and ready-to-wear, looks to accelerate the fashion brand’s momentum in the Chinese market with an immersive shopping experience. Michael Kors announced that it will open its digital flagship store on … Read more
The worldwide luxury industry surpassed €1 trillion in retail sales value in 2015 and delivered healthy growth of 5% year over year (at constant exchange rates), driven primarily by luxury cars (8%), luxury hospitality (7%) and fine arts (6%), according to the 14th edition of the Bain Luxury Study, published by Bain & Company for … Read more
Gucci and Prada’s financial results are disappointing and there’s a fear that the west can’t provide what sophisticated Chinese shoppers want
Simplification of visitor paperwork could boost UK revenues generated by Chinese shoppers by an estimated £1.2bn – but who spends the most?
Changing behaviours of Chinese travellers and how the global hotel industry is adapting. China has overtaken Germany and the USA as the world’s biggest spenders on travel, with Chinese travellers spending US$102 billion on international travel in 2012, an increase of over 40% on 2011*, according to the second annual Chinese International Travel Monitor … Read more
Chinese luxury spend Set to accelerate Asian ultra high net worth (UHNW) individuals wealth is expected to grow by 7.9% annually for the next five years with China contributing to the bulk of this growth, according to the Wealth-X World Ultra Wealth Report 2012- 2013, a provider of detailed intelligence on ultra high net worth … Read more